Great rates and convenience are just a couple of reasons you may want to look into opening an online bank account. At Ally Bank, you can open an interest checking or savings account online in just a few minutes. Just choose the type of account you want to open, fill out some personal information, then […]

Learning how to build a CD ladder is a great step for anyone looking to get more out of their savings. And even if you’re new to financial planning, you can keep your CD ladder simple and organized by following a few easy tips. CD laddering is a strategy in which you open multiple certificates […]

When you open a certificate of deposit (CD), the bank lends the money out to earn interest. The bank pays you interest for the use of your funds. Generally, the longer you're willing to leave money in a certificate of deposit, the better the annual percentage yield (APY) you're likely to get. At the end […]

Many people find that certificates of deposit, or CDs, can be a good way to reach their financial goals. CDs are generally considered low-risk places to park your money, and they usually earn interest at higher rate than savings accounts.Before opening a CD, it's a good idea to compare CD rates. After all, the higher […]

To a large extent, certificate of deposit (CD) management begins by determining first, what your goals are, and second, how long you can afford to put the money away. In general, CDs are used when you don't want to put your money at risk and you don't need to use it in the immediate future. […]

Certificates of deposit (CDs) can be a great way to save for the future. When you compare CDs, you should determine how much you want to deposit and how long you want to commit that deposit to a CD. Those two factors can help you compare CD rates accurately. It's important to be aware that […]

What is a certificate of deposit?A certificate of deposit (CD) is a time deposit. When you open a CD, you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years after you open the account, depending on the term you choose. Once the CD […]

Because certificate of deposit (CD) interest rates can be higher than those of regular savings accounts, CDs are a worthwhile savings tool and can be a smart way to save for major purchases. But you should be aware of the certificate of deposit withdrawal terms on any account you consider. After all, you don't want […]

Determining your potential return on a certificate of deposit (CD) shouldn't be a time consuming process. To save time while still ensuring you're getting a great return, use a CD Rate Calculator like the one at Allybank.com. The Ally Bank CD Rate Calculator can help you map out your goals and when you can expect […]

When it comes to researching certificate of deposit (CD) rates, the highest rate can often be the most appealing. But before you put your money in a CD simply because it has the highest rate, it might be smart to consider your savings goals and exactly what product will get you there. Great CD rates: […]

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